Spanish firm Corfem acquires 30% of Prochimag Sarl
Tuesday, 14 May 2019 18:08
Spanish group Corfem, a chemical products trader, has acquired 30% stake in the capital of Prochimag Sarl, the Moroccan subsidiary of chemical products distributor PMS International.
For this stake acquisition, Corfem disbursed MAD13 million ($1.3 million). Thanks to this operation, the group will enter the Moroccan market alongside PMS International that is also present in Algeria.
In 2009, PMS International purchased the whole of Prochimag Sarl to expand its chemical products’ distribution and the imports of raw materials to the Maghreb.
Chamberline Moko
Live News
-
Kenya, Microsoft Deepen Talks on Digital Transformation and AI Integration
13:39
-
Ghana to fund college scholarships for children of cocoa farmers in 2026
11:52
-
BEAC launches app to fight fake banknotes in CEMAC region
11:03
-
Ghana raises cocoa farmgate price by 62.5% for 2025/26 season
10:58
-
Cameroon’s Debt to China Now 2.5 Times That Owed to France
10:44
-
BCEAO to Roll Out New Platform for 24/7 Instant Transfers in West Africa
10:39
-
Burkina Faso Secures $2.5 Million Japanese Grant for Food Sovereignty
10:10
-
Squirrel Away Turns Birthday Gifts Into Long-Term Investments
09:44
-
Senegal's Force-N Program Launches Steering Committee to Boost Digital Jobs
09:01
-
Seven Togolese Banks Join BCEAO’s Instant Payment Network
07:07
What seemed like a routine administrative matter has drawn Madagascar into an international controve...
• Mali seeks $176M via WAEMU bond offering launched July 28, with 7- and 5-year tranches at 6.5...
• Ivory Coast is said to be negotiating a €800M syndicated loan with Standard Chartered and Soc...
Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitor...
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
• Ghana will introduce a scholarship program for children of cocoa farmers starting in 2026.• COCOBOD will manage the initiative, with first awards set...
• Ghana has set the 2025/2026 cocoa farmgate price at $5,040 per ton, up 62.5% year-on-year.• Cocoa farmers say the new rate still falls short of...
• Japan granted Burkina Faso $2.5M for food access under the K-R 2025 project.• Over 425,000 children face acute malnutrition amid ongoing crises.•...
In Africa, transportation can account for up to 45% of the cost of some goods. Most trade is conducted over land, and resolving bottlenecks at border...
Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitors with its authenticity and serene atmosphere, far...
Christopher Nolan faces criticism for shooting scenes of The Odyssey in Dakhla, Western Sahara. FiSahara and pro-Sahrawi voices accuse the...